Why A Bitcoin Standard WILL NOT Solve Inflation? Debate With George Gammon

Coinbeast, Released on 1/29/23

In episode #5 of the CoinBeast Podcast, we had the pleasure of sitting down with George Gammon to discuss:

  • What will the world look like on a Bitcoin Standard
  • Will the size of Governments shrink on a BTC standard?
  • Does M2 money growth really cause inflation?

00:00 Intro
03:15 Will government spending be impacted on a BTC standard
07:15 Why haven´t we seen a full reserved Bitcoin standard yet?
09:20 Did the free market choose fractional reserve banking?
11:25 Digital Nomad & The sovereign Individual Thesis On A BTC standard
14:00 How BTC shrinks the government
17:00 How much debt is there on a BTC standard
18:10 How we will see money printing and inflation on a Bitcoin standard
21:00 The 1800s MIRACLE!
25:30 The Great 1770s Technological miracle
27:40 Sovereign Individual Thesis
33:00 Why Money printing does not cause inflation?
43:00 Will Bitcoin shrink the size of the government
46:30 Money printing causes asset price inflation

George Edward Gammon is an American real estate investor and entrepreneur. He produces and stars in a popular YouTube Channel. Prior to 2012, George started, owned, and operated multiple businesses ranging from conventions to advertising. The last growing to 24 million in annual revenues and over 100 employees. After 12 years as a successful entrepreneur, at the age of 38, George semi retired and shifted his focus to real estate, where he has remodeled and flipped 40+ properties in and out of the United States. Recently focusing on Medellin, Colombia. He controls a multi million dollar real estate portfolio which focuses on buying distressed properties, remodeling, and selling or renting. Currently, in addition to running his real estate investments, George produces “George Gammon“, a YouTube Channel that will help you build and protect wealth through investing, real estate and an extreme dose of the economic RED PILL. More of his work can be found at www.georgegammon.com.

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Igby MacDavitt

I’m guessing: because Bitcoin cannot be redeemed for the currency — its full faith and trust in a hackable computer system.